Reliance Home Finance Ltd

Reliance Home Finance Limited is an India-based housing finance company. The Company is engaged in the house finance business.

Pros:
Company has reduced debt.
Stock is trading at 0.31 times its book value
Stock is providing a good dividend yield of 8.24%.
Company has good consistent profit growth of 46.26% over 5 years
Cons:
Company has low interest coverage ratio.
Promoters have pledged 31.80% of their holding

Peer Comparison Sector: Finance // Industry: Finance - Housing

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Quarterly Results Figures in Rs. Crores

Jun 2016 Sep 2016 Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018
Revenue 232 258 261 328 383 408 407 433 404 459 514
Interest 160 181 180 228 247 266 268 262 286 294 351
46 53 55 99 98 83 88 92 52 67 77
Financing Profit 26 24 26 1 38 59 51 79 66 98 86
Financing Margin % 11% 9% 10% 0% 10% 14% 13% 18% 16% 21% 17%
Other Income 4 8 9 46 9 19 17 17 7 5 2
Depreciation 0 0 0 6 0 0 0 6 1 1 0
Profit before tax 30 32 35 41 47 78 68 90 72 102 88
Tax % 27% 38% 34% -163% 28% 27% 41% 37% 33% 26% 38%
Net Profit 22 20 23 108 34 57 40 57 48 75 55
Gross NPA % 0.00% 1.20% 1.10% 0.80% 0.00% 0.80% 0.80% 0.80% 0.80% 0.80% 0.90%
Net NPA % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 TTM
Revenue 65 324 339 361 429 512 815 1,114 1,670 1,810
Interest 0 0 233 254 277 317 536 749 1,038 1,193
57 261 67 65 86 90 142 235 326 288
Financing Profit 7 62 40 42 65 106 137 130 307 329
Financing Margin % 11% 19% 12% 12% 15% 21% 17% 12% 18% 18%
Other Income 0 0 0 0 1 0 0 15 -9 31
Depreciation 0 0 0 0 0 0 1 7 26 8
Profit before tax 7 62 40 42 66 106 137 138 272 352
Tax % 26% 34% 33% 35% 34% 35% 37% -25% 34%
Net Profit 5 41 26 27 43 69 87 173 181 235
EPS in Rs 3.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 3% 27%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:35.84%
3 Years:48.27%
TTM:18.61%
Compounded Profit Growth
10 Years:%
5 Years:46.26%
3 Years:38.61%
TTM:-1.67%
Return on Equity
10 Years:%
5 Years:14.69%
3 Years:15.57%
Last Year:12.15%

Balance Sheet Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Sep 2018
33 33 33 66 66 66 66 116 516 485
Reserves 268 310 361 355 398 468 554 983 1,413 1,395
Borrowings 1,539 2,194 1,887 1,940 2,377 3,640 6,548 9,670 13,120 6,677
18 29 294 593 904 1,398 543 607 751 7,748
Total Liabilities 1,855 2,564 2,572 2,954 3,745 5,571 7,712 11,376 15,769 16,305
1 0 0 0 0 39 44 68 230 265
CWIP 0 0 0 0 0 0 0 0 0 0
Investments 0 14 39 14 320 0 80 508 97 64
1,854 2,549 2,533 2,939 3,425 5,532 7,587 10,801 15,442 15,976
Total Assets 1,855 2,564 2,572 2,954 3,745 5,571 7,712 11,376 15,769 16,305

Cash Flows Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
69 -2 412 -179 433 -3,296 -4,386
-53 23 -282 293 -72 -355 476
25 -0 0 0 0 3,227 3,717
Net Cash Flow 41 21 130 114 362 -425 -194

Ratios Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018
ROE % 13% 7% 7% 10% 14% 15% 22% 12%

Annual Reports

Credit Ratings